Which committee suggested the re-opening up of the insurance sector to private players?
A. Rangrajan Committee
B. R. N. Malhotra Committee
C. Narasimham Committee
D. V. S. Vyas Committee
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The Head Office of Reserve Bank of India is situated at
A. Delhi
B. Kolkata
C. Mumbai
D. Ahmedabad
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To operationalise online, internet, mobile banking, debit card and credit card tools, some of the essential ingredients are
A. Compliance with the Information Technology Act, 2000
B. Satellite connection
C. Selection of a portal and server
D. All of the above
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Match the items of
List I with the items of
List II :
List I
List II
a. Relationship banking
1. Dealing in hundis and acceptance of deposits
b. Merchant banking
2. Widening the entrepreneurial base and assist in a rapid rate of industrial growth
c. Indigenous banking
3. Engaged in the business of issue management
d. Development banking
4. Creating, maintaining and enhancing strong relationship with customers
A. a-1, b-2, c-4, d-3
B. a-2, b-4, c-3, d-1
C. a-4, b-3, c-1, d-2
D. a-2, b-1, c-4, d-3
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The main role of an underwriter in a non-life insurance company is normally to
A. Assess the acceptability of particular risk
B. Certify loss when claims are submitted
C. Design the structure of the products to be offered
D. Negotiate with the industry regulator
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The largest financial conglomerate of India is:
A. HDFC Bank
B. ICICI Bank
C. IFCI
D. SBI
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The headquarter of Asian Development Bank is situated in
A. Sanghai
B. Hongkong
C. Manila
D. Singapore
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Which one of the following banks currently ranks number one in India in terms of market capitalisation?
A. State Bank of India
B. ICICI Bank
C. UTI Bank
D. IDBI Bank
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Banking on telephone service includes
1. Automatic balance voice out
2. Inquiry all term deposit account
3. Direct cash withdrawal
4. Utility bill payment
5. Voice out last five transactions
A. 1, 2, 3 and 5
B. 1, 2, 4 and 5
C. 2, 3, 4 and 5
D. All of the above
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When RBI grants loan to commercial banks and charges interest on it, it is called :
A. Rapo rate
B. Reverse Rapo rate
C. Sweep stack rate, basic rate
D. Bank rate
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Escrow account is useful/helpful to:
A. Importers
B. Exporters
C. Both A and B
D. None of these
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SCORES stands for:
A. SEBI Complaints Redress System
B. Special Complaints Redress System
C. Sources for Complaints Redress System
D. None of These
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Which of the following statement/s is/are correct?
1. NBFCs does not hold a banking license.
2. NBFC can issue Demand Drafts like banks.
A. 1 is correct
B. 2 is correct
C. 1 and 2 is correct
D. None of the above
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Assertion (A): Most of the development bank in India have setup private commercial banks after the introduction of capital adequacy norms.
Reason (R): Development banks in India have not adhered to their basic objectives.
A. (A) and (R) both are correct and (R) is correct explanation of (A)
B. (A) and (R) both are correct but (R) is not a correct explanation of (A)
C. (A) is correct, but (R) is incorrect
D. (R) is correct, but (A) is incorrect
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Which of the following is not a function of Foreign Exchange Market?
A. Stabilization function
B. Hedging function
C. Credit function
D. Transfer function
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Which of the following institution was first established
A. Industrial development bank of India (IDBI)
B. Unit trust of India (UTI)
C. Industrial Finance Corporation (IFCI)
D. Industrial Credit and Investment Corporation of India (ICICI)
Select an option to see the answer and solution.
Skimming' in e-banking refers to
A. Identifying fraudsters copying vital information from credit cards
B. Multiple transactions by one credit card
C. Conversion of a debit card into credit card
D. None of the above
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Which of the following are the core objectives of the FSDC?
1. Acts as an apex level forum to strengthen and institutionalize the mechanism for maintaining financial stability
2. Enhance inter-regulatory coordination and promoting financial sector development in the country
A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
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Which of the following is not the principle of insurance?
A. Utmost good faith
B. Principle of contribution
C. Maximisation of profit
D. Causa proxima
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In 1992, the banking sector reforms were introduced as per
A. C Rangarajan Committee Report
B. M Narasimham Committee Report
C. Suresh Tendulkar Committee Report
D. Sukhamoy Chakraborty Committee Report
Select an option to see the answer and solution.